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Economy

Asia's multinationals are hoarding cash like never before

Tencent, Alphabet, others quickly eclipsing Japan Inc. as stashers

It is no longer just Japanese companies that are stockpiling funds.   © Reuters

TOKYO -- Japan's Toyota Motor has always been known for squirreling away cash. But these days the automaker --nicknamed "Toyota Bank" for its $153 billion of reserves -- has plenty of company, especially among new Asian multinationals.

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